michaelstoen
Short

Descending Triangle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Disregarding the wicks on the daily, this looks like a descending triangle , which in combination with the clear Head and Shoulders formation suggests strongly that we are headed down to one of the two support lines.

Plan is to go short if daily candle closes under 13000.

(amateur trader, happy for feedback and constructive criticism)
Taking the bottom wicks into account however this would looks more like a giant wedge, which in combination with the previous uptrend looks like a huge bull flag, suggesting a massive move upwards.
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